Business

Piramal Glass Ceylon ups profits, exports despite challenging times

Views - 31 Thursday, 9 November 2017 00:50

Piramal Glass Ceylon Plc (PGC) has reported its results for the first half of FY 2017-18, with revenue of Rs. 3,082 million and Profit After Tax (PAT) of Rs. 154 million against revenue of Rs. 3,129 million and PAT of Rs. 73 million during the corres


New Sri Lanka Development Update spurs policy dialogue

Views - 41 Thursday, 9 November 2017 00:48

Launched last week, the most recent edition of the Sri Lanka Development Update (SLDU), looks at how this island nation can leverage new opportunities and deploy integrated risk management strategies to support sustained growth.


Luxury Brands once again dominates Alcohol & Tobacco Category at SLIM NASCO 2017

Views - 97 Thursday, 9 November 2017 00:00

Luxury Brands secured four awards under the Alcohol and Tobacco category at this year’s National Sales Congress, organised by the Sri Lanka Institute of Marketing. This premier event is dedicated to recognising the efforts and performance of sales


Sunshine profits up 17.3% in 1H supported by strong Agri and FMCG performances

Views - 44 Thursday, 9 November 2017 00:00

Diversified Sri Lankan conglomerate Sunshine Holdings Plc (CSE: SUN) reported impressive growth in top- and bottom-line performance after posting consolidated revenue of Rs. 10.3 billion and delivering a 24.2% Year-on-


South Korea provides $ 500 m loan to Sri Lanka for economic development

Views - 63 Thursday, 9 November 2017 00:00

The Government this week approved a proposal to enter into a framework agreement with South Korea on economic development cooperation.


RIL Property buys 30% UML stake from Yaseen for Rs. 2.4 b

Views - 78 Thursday, 9 November 2017 00:00

Business tycoon M.A. Yaseen yesterday sold 30% stake in United Motors Lanka Plc to related party RIL Properties.


Radhika joins Dipped Products Board as Executive Director

Views - 601 Thursday, 9 November 2017 00:00

Radhika Obeyesekere has been appointed as an Executive Director on the Board of Dipped Products Plc after joining the company as a Commercial Director.


LIOC refutes all allegations over fuel crisis

Views - 76 Wednesday, 8 November 2017 00:00

In a statement Lanka IOC (LIOC) said it has noted that consumers across the country have been facing some shortages of petrol over the last few days.


Indian CEO Forum comments on petroleum supply disruption

Views - 145 Wednesday, 8 November 2017 00:00

The Indian CEO Forum of Sri Lanka, the preeminent body for Indian business representation, weighed in on the fuel shortage situation with a statement clarifying the role of Lanka IOC in the ongoing controversy.


Sustainable sourcing essential for sustainable enterprises

Views - 27 Wednesday, 8 November 2017 00:00

Sustainable sourcing practices and employee motivation are key factors in ensuring the sustainability of a business venture or enterprise, BASF South Asia Chairman and Managing Director Dr. Raman Ramachandran said yesterday.


Aruwakkalu to solve Colombo garbage problem

Views - 53 Wednesday, 8 November 2017 00:00

A solution to Colombo’s waste management issue may be on the horizon, with the Aruwakkalu site receiving Cabinet approval and the Central Environmental Authority (CEA) tipped to authorise it by the end of the month.


SAARC Chambers of Commerce discuss ways to enhance regional reach

Views - 102 Wednesday, 8 November 2017 00:00

The SAARC Chamber of Commerce and Industry (SCCI) hosted a two-day program in Lahore, Pakistan last week to optimise and grow its reach plus enhance its internal and external communications strategy in the region.


Newly-appointed CEO Alternate Rolf Blaser visits sister company of Baurs in Singapore and staff in T

Views - 243 Wednesday, 8 November 2017 00:00

The newly-appointed CEO Alternate Rolf Blaser together with A. Baur & Co. Ltd. Chairman Thomas Daetwyler were on a working visit in Thailand and Singapore to assess the possibilities to expand their business in the region


Intex South Asia 2017 from 15-17 November

Views - 31 Tuesday, 7 November 2017 00:00

The third edition of Intex South Asia – the largest and only international textile sourcing show in South Asia for yarns, apparel fabrics, denims, accessories and allied services – will be held at the Sri Lanka Exhibition & Convention Centre, Col


Ceylon Chamber to hold Post-Budget Seminar

Views - 56 Tuesday, 7 November 2017 00:00

The Ceylon Chamber of Commerce will hold a customary Post-Budget Seminar on 16 November at its auditorium. The keynote speaker of the seminar, who will address the topic ‘Insights on Budget 2018’, will be State Minister of Finance Eran Wickramara


Malik to speak at prestigious Global Investment Forum in Dubai

Views - 77 Tuesday, 7 November 2017 00:00

Sri Lanka’s investment opportunities will receive a global spotlight with Minister of Development Strategies and International Trade Malik Samarawickrama speaking at the ‘Global Investment Forum’ of the Investment Corporation of Dubai (ICD) tak


Foreign Minister chairs investment promotion seminar in Beijing

Views - 40 Tuesday, 7 November 2017 00:00

The Embassy of Sri Lanka in Beijing, China hosted an investment seminar on 1 November titled ‘Investing in Sri Lanka – Belt and Road Projects Seminar’ during the visit of Foreign Affairs Minister Tilak Marapana to China for the celebration of t


Strong growth prospects for modern grocery retail: Fitch

Views - 115 Tuesday, 7 November 2017 00:00

Fitch Ratings says the modern grocery retail sector has strong growth prospects helped by stable balance sheets of leading industry firms. It expects the modern grocery retail sector in Sri Lanka to expand in the mid-teens in the medium term, suppor


Sri Lanka-China Industrial Zone Office in Hambantota Port kicks off industrialisation of Ruhuna

Views - 81 Monday, 6 November 2017 01:07

The ‘Sri Lanka-China Logistics and Industrial Zone Office’ to be set up within the Ruhunu Economic Development Area in Sri Lanka’s southern port of Hambantota was inaugurated under the patronage of Prime Minister Ranil Wickremesinghe on Saturda


Foreign Minister Tilak Marapana meets with Chinese Foreign Minister Wang Yi in Beijing

Views - 33 Monday, 6 November 2017 01:05

Minister of Foreign Affairs Tilak Marapana met with his Chinese counterpart, Minister of Foreign Affairs of China Wang Yi on 30 October.


Foreign Minister Tilak Marapana meets Vice Premier of China

Views - 29 Monday, 6 November 2017 01:03

Tilak Marapana, Minister of Foreign Affairs, who is on an official visit to China to attend the celebrations of the 60th Anniversary of diplomatic relations and the 65th Anniversary of economic relations between Sri Lanka and China, met with Chinese


Chengdu to fortify furniture biz in Lanka

Views - 44 Monday, 6 November 2017 01:01

A group of businessmen from the Chengdu Association of Foreign Trade and Economic Cooperation of China have evinced keen interest in manufacturing furniture in Sri Lanka for not only for the Sri Lankan market but also for export to India under the In


Leasing Hambantota land to China: Petition to mention on 7 Dec.

Views - 20 Monday, 6 November 2017 00:57

The Supreme Court last week fixed to be mentioned on 7 December the fundamental rights petition filed by Dr. T. Lalithasiri Gunaruwan along with two other similar petitions against the leasing of land to China in Hambantota.


NCE collaborates with Verite Research on platform to track implementation of Budget Proposals

Views - 33 Monday, 6 November 2017 00:56

This pioneering platform has been developed by Verite Research. It has been used to monitor the track record of the Government in executing the 2017 Budget Proposals during the first six months of this year.


CB clarifies employment numbers

Views - 67 Monday, 6 November 2017 00:54

The Central Bank of Sri Lanka (CBSL) has observed media reports highlighting the employment numbers referred to in the CBSL Annual Reports of 2014, 2015 and 2016.


Hatch: Transforming Sri Lanka’s collaborative workspace

Views - 151 Monday, 6 November 2017 00:49

Sri Lankan start-up incubation and acceleration platform, Hatch, announced plans for the launch of the island’s single largest co-working office space designed exclusively for start-ups to collaborate, create and grow.


United Motors invests Rs. 75 m in heavy equipment subsidiary

Views - 46 Monday, 6 November 2017 00:46

United Motors Lanka Plc has floated a fully-owned subsidiary to deal with heavy equipment and machinery. The company said it has


Singer revenue grows to Rs. 37 b despite challenging environment

Views - 39 Monday, 6 November 2017 00:46

The Singer Group announced results for the nine months ending 30 September with revenues increasing to Rs. 37 billion, an increase of 12%


Haycarb ups turnover, profits dip

Views - 28 Monday, 6 November 2017 00:44

The Sri Lankan multinational Haycarb PLC has reported a revenue of Rs. 7.1 billion up by 20% and profit before tax of Rs. 296 million down by 35%


Senthilverl ups Sunshine Holdings stake to 10%

Views - 32 Monday, 6 November 2017 00:41

High net worth but low-profile investor Dr. T. Senthilverl has increased his stake in Sunshine Holdings Plc to over


Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


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